It’s still too soon to fully calculate the cost of the Los Angeles wildfires, but one thing is clear: The cost of insurance will go up, and that will affect not just the value of LA real estate but of real estate across the nation. The losses from those wildfires may seem unimaginable now, but
Month: February 2025
Martin Barraud | Ojo Images | Getty Images As U.S. home equity climbs, owners are more likely to face capital gains taxes from selling property. But a lesser-known tax strategy could help shrink your bill, experts say. When selling your main home, there’s a special tax break that shields up to $250,000 of profits for
Sentiment among the nation’s single-family homebuilders dropped to the lowest level in five months in February, largely due to concern over tariffs, which would raise their costs significantly. The National Association of Home Builders’ Housing Market Index (HMI) dropped a sharp 5 points from January to a reading of 42. Anything below 50 is considered
A Louisiana woman is fighting to reclaim the title to a property that’s been in her family for centuries. The victim, DaNita Batiste, is battling to reestablish a clear title on the property, months after fraudsters impersonated her using a phony ID and sold the land for cash to unsuspecting investors. It’s a form of real estate fraud that
Lori Loughlin and her husband Mossimo Giannulli have re-listed their Los Angeles mansion for $16.5 million, a million less than the home’s asking price when it first hit the market last year. The 60-year-old actress and the 61-year-old fashion designer bought the contemporary farmhouse-style house for $9.5 million in August 2020, the same month when both
It can cost on average of $2,050 to live in Tokyo for a month as a single person, according to Numbeo’s data. Jackyenjoyphotography | Moment | Getty Images Moving to a major city often comes with big benefits and opportunities, but it’s important to figure out if it makes sense financially before taking the leap.
2024 was a good year for the ultra-luxury real estate market, with a handful of areas standing out as the leading markets in that category, according to a report from Compass. Compass found America’s ultra-luxury market notched over 1,700 sales of homes of at least $10 million over the course of last year, marking a
Don’t be fooled by its name or dodgy reputation: Miami’s Little River has big potential and is currently benefiting from major buzz. Little River is one of the city’s oldest neighborhoods. Due to its location along the pint-sized waterway that flows into nearby Biscayne Bay, it was one of the first places in Florida settled
Sally Hershberger, a hairdresser to the stars, has put her Hamptons home on the market for $2.75 million. Known as the Butterfly House, the charming mid-century modernist residence was built in 1976. It’s located at 6 Masthead Lane in East Hampton. Star hairdresser Sally Hershberger. FilmMagic The Butterfly House is a modernist beauty. Rise Media
Patchogue, N.Y.: A For Sale sign hangs in front of a house in Patchogue, New York, on June 1, 2024. Steve Pfost | Newsday | Getty Images Mortgage rates moved slightly lower again last week, keeping refinance demand on the rise. Applications to refinance a home loan jumped 10% compared with the previous week and
People walk by a sign for Freddie Mac headquarters on July 14, 2008 in McLean, Virginia. AFP Photo/Paul J. Richards (Photo credit should read PAUL J. RICHARDS/AFP via Getty Images) Paul J. Richards | Afp | Getty Images Fannie Mae and Freddie Mac — the two giant mortgage finance firms controlled by the federal government
The city of New Orleans is still rebuilding and repairing homes that were damaged in the fallout from 2005’s Hurricane Katrina. The storm flooded hundreds of thousands of homes in New Orleans, killed over 1,800 people and displaced millions. It remains the costliest tropical cyclone in U.S. history, with an estimated $201.3 billion in associated
Atlantic Avenue west of Barclays Center – once known for Arab food shops, antiques discounters and too many empty storefronts – has become the hot new kid on the block in Brooklyn retail. It isn’t nearly as pricey as Williamsburg’s Bedford Avenue and North Sixth Street, where global brands abound. But its growing mystique as
Philadelphia Eagles head coach Nick Sirianni, who’s led the Eagles to four straight playoff appearances since taking the helm in 2021, calls a Haddonfield, N.J., home his own — but it wasn’t an easy path getting there. The coaching powerhouse, 43, who is now taking the Eagles to Super Bowl LIX, was faced with a legal